CIBC Wood Gundy Securities Inc.’s (Wood Gundy) deparment head of equity capital markets, pondered on putting a price tag on Legacy Hotels Real Estate Investment Trust’s units of equity. Both Wood Gundy and RBC Dominion Securities Inc. were fortunately awarded with the control to co- manage Legacy Hotel's IPO.
The investment trust intended to use the proceeds of its IPO along with the capital that it raised in a concurrent $300 million subordinated debt offering to invest in 11 hotel properties located in major business centers in every region of Canadian territory. Furthermore, CP Hotels would not be deprived of their hotel properties from this investment.
Publication Date: 03/05/1998
This is just an excerpt. This case is about Finance
Related Case Solutions & Analyses:
BRL Hardy
Kohler Corporation
Lady Gaga
Dimensional Fund Advisors (DFA)’s Entry into the Retirement Market
Global Logistic Inc. (Gli): Why Did The Tan Phu Ward Project Suddenly Fly?
Han’s Laser (A): A High-Tech Company With Chinese Characteristics (1996-2000)
Hollinger And The Downfall Of Conrad Black
Indonesia 2011: Political And Economic Context, Healthcare System And Pharmaceutical Markets
Grupo Sidek (A)
STMicroelectronics N.V., 2003 Convertible Bond Offering
